Global Mining Support Activities Market Analysis: Size, Drivers, Trends, Opportunities And Strategies
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The global mining support activities market size is expected to grow from $261.69 billion in 2022 to $281.76 billion in 2023 at a compound annual growth rate (CAGR) of 7.7%. The mining support activities market is expected to grow to $391.33 billion in 2027 at a CAGR of 8.6%.
What will drive the mining support activities market?
Government initiatives to help the mining industry are likely to drive mining market support activities.
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Who are the major players in the market?
Major Market Players in the mining support activities market include The Metallurgical Corp of China, Hochtief AG, PT United Tractors Tbk, Perenti Global Ltd., NRW Holdings Limited, The Weir Group plc.
Which trend is gaining popularity in the mining support activities market?
Mining businesses are increasingly utilising GIS technology to monitor crucial elements such as sustainability, geological composition, and compliance. GIS systems collect, record, analyse, and display spatial or geographic data. GIS incorporates exploration datasets including geophysical imaging, geochemistry, geologic maps, radiometric surveys, boreholes, and mineral deposits, resulting in the efficient discovery of new mineral resources. As it integrates data from numerous data sources, this technology also provides 3D visualisation capabilities. They’re also employed in related industries like manufacturing, mine closure, and reclamation.
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How is the mining support activities market segmented?
Global Mining Support Activities Market Segments Include:
- By Type: Coal Mining Support Activities, Metal Mining Support Activities, Nonmetallic Minerals Mining Support Activities
- By Service Provider Type: Independent Contractors, Companies
- By Application: Mining Companies, Construction Companies, Other Applications
- Subsegments Covered: Coal Mining Drilling Services, Coal Mining Exploration Services, Coal Mining Draining Services, Other Coal Mining Support Activities, Metal Mining Drilling Services, Metal Mining Exploration Services, Metal Mining Draining Services, Other Metal Mining Support Activities, Nonmetallic Minerals Mining Drilling Services, Nonmetallic Minerals Mining Exploration Services, Nonmetallic Minerals Mining Draining Services, Other Nonmetallic Minerals Mining Support Activities
- By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific is the largest region in the global mining support activities market in 2021.
The Mining Support Activities Global Market Report 2023 provides an overview of the mining support activities market for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The mining support activities market forecast analyzes mining support activities market size, mining support activities market share, leading competitor and their market positions.
Mining support activities are direct or service-related services provided while completing various mining operations.
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